Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
EIN 47-5214587 • 501(c)3 • Minot, ND
Profile
To provide affordable housing.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
15th percentile
Higher net margin than 15% of similar nonprofits.
Top Officer Pay
23rd percentile
Higher top officer pay than 23% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
48th percentile
Faster revenue growth than 48% of similar nonprofits.
Assets
Down$10,160,707
Down $466,670 (-4.4%) from 2022
Liabilities
Down$11,435,994
Down $42,534 (-0.4%) from 2022
Net Assets
Down-$1,275,287
Down $424,136 (-50%) from 2022
Revenue
Up$628,019
Up $248,196 (+65%) from 2022
Expenses
Up$784,807
Up $211,306 (+37%) from 2022
Net Income
Up-$156,788
Up $36,890 (+19%) from 2022
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To provide affordable housing.
Provides affordable housing.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $9,868,431 | $9,491,140 | ▼ $377,291 |
| Other Notes and Loans Receivable, Net | $312,000 | $333,000 | ▲ $21,000 |
| Cash and Non-Interest-Bearing Accounts | $51,830 | $142,068 | ▲ $90,238 |
| Savings and Temporary Cash Investments | $82,427 | $96,565 | ▲ $14,138 |
| Intangible Assets | $79,522 | $68,307 | ▼ $11,215 |
| Prepaid Expenses and Deferred Charges | $0 | $29,627 | ▲ $29,627 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $-1,118,499 | $-1,275,287 | ▼ $156,788 |
| Total Assets | $10,394,210 | $10,160,707 | ▼ $233,503 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $7,287,391 | $7,214,280 | ▼ $73,111 |
| Unsecured Notes Loans Payable | $4,198,490 | $4,198,491 | ▲ $1 |
| Accounts Payable and Accrued Expenses | $26,828 | $23,223 | ▼ $3,605 |
| Total Liabilities | $11,512,709 | $11,435,994 | ▼ $76,715 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-1,118,499 | $-1,275,287 | ▼ $156,788 |
| Total Liabilities and Net Assets / Fund Balance | $10,394,210 | $10,160,707 | ▼ $233,503 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $7,680,209 | $1,438,670 | $9,118,879 |
| Land | $1,467,718 | - | $1,467,718 |
| Leasehold Improvements | $258,218 | $136,382 | $394,600 |
| Equipment | $84,515 | $181,699 | $266,214 |
| Other Land Buildings | $480 | - | $480 |
| Name | Title |
|---|---|
| Bruce Walker | President |
| Steve Gehrtz | Vice President |
| Vicki Campbell | Secretary |
| Blake Nybakken | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $784,807 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $391,332 | - | - | $391,332 |
| Occupancy | $148,237 | - | - | $148,237 |
| Interest | $116,732 | - | - | $116,732 |
| Insurance | $40,845 | - | - | $40,845 |
| Fees for Services Management | - | $30,146 | - | $30,146 |
| Fees for Services Accounting | - | $11,103 | - | $11,103 |
| Advertising | - | $1,612 | - | $1,612 |
| Office Expenses | - | $125 | - | $125 |
| Other Expenses | $1,170 | $10 | - | $10 |
| Total Functional Expenses | $741,811 | $42,996 | $0 | $784,807 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Membership is open to all who are previously approved and ratified by the board of directors.”
“By-laws may be altered, amended, repealed, or updated by an affirmative vote of not less than sixty-six and sixty-seven hundreths percent of the members.”
“There are no committees which can act on behalf of the governing board.”
“A copy of the 990 is provided to the governing board prior to filing.”
“Under the organization's policy, an interested person is any director, principal officer, or member of a committee with governing board delegated powers who has a direct or indirect financial interest. An interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the remaining members. Upon disclosure and exercising due diligence, the remaining members shall decide if a conflict of interest exists and whether the organization can obtain, with reasonable efforts, a more advantageous arrangement from an individual or entity that would not give rise to a conflict of interest. If a more advantageous arrangement is not reasonably possible, the governing board shall determine by a majority vote whether the arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable.”
“Governing documents, conflict of interest policy, and financial statements are available for public inspection upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART III, LINE 12, EXPLANATION FOR OTHER INCOME: |
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| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt | 0 | 139442 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt | 0 | 51400 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt | 0 | 62233 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt | 0 | 57099 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 310174 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 529101 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 510295 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 309980 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 270635 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 260116 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 1880127 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 628019 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 602906 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 380123 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 343093 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 335248 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 2289389 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 7680209 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1438670 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 9118879 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 84515 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 181699 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 266214 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 1467718 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 1467718 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 258218 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 136382 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 394600 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 480 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 480 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 9491140 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | MEMBERSHIP IS OPEN TO ALL WHO ARE PREVIOUSLY APPROVED AND RATIFIED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BY-LAWS MAY BE ALTERED, AMENDED, REPEALED, OR UPDATED BY AN AFFIRMATIVE VOTE OF NOT LESS THAN SIXTY-SIX AND SIXTY-SEVEN HUNDRETHS PERCENT OF THE MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THERE ARE NO COMMITTEES WHICH CAN ACT ON BEHALF OF THE GOVERNING BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A COPY OF THE 990 IS PROVIDED TO THE GOVERNING BOARD PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | UNDER THE ORGANIZATION'S POLICY, AN INTERESTED PERSON IS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE REMAINING MEMBERS. UPON DISCLOSURE AND EXERCISING DUE DILIGENCE, THE REMAINING MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS AND WHETHER THE ORGANIZATION CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS ARRANGEMENT FROM AN INDIVIDUAL OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS ARRANGEMENT IS NOT REASONABLY POSSIBLE, THE GOVERNING BOARD SHALL DETERMINE BY A MAJORITY VOTE WHETHER THE ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 10394210 |
| IRS990/TotalAssetsEOYAmt | 0 | 10160707 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 10394210 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 10160707 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 42996 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 741811 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 784807 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 11512709 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 11435994 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 11512709 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 11435994 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -1118499 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -1275287 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 741811 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 529101 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 98918 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 529101 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 628019 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 4 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 10394210 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 10160707 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 4198490 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 4198491 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 400 10TH ST SE |
| IRS990/USAddress/CityNm | 0 | MINOT |
| IRS990/USAddress/StateAbbreviationCd | 0 | ND |
| IRS990/USAddress/ZIPCd | 0 | 58701 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BLAKE NYBAKKEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7018523045 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ESSENTIAL LIVING INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ESSE |
| ReturnHeader/Filer/EIN | 0 | 475214587 |
| ReturnHeader/Filer/PhoneNum | 0 | 7018523045 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 400 10TH ST SE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MINOT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | ND |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 58701 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 450310328 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BRADY MARTZ & ASSOCIATES PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 848 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MINOT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | ND |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 587020848 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7018520196 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BRADLEY YODER |
| ReturnHeader/ReturnTs | 0 | 2025-10-08T08:05:52-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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